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Module Learning Outcomes AssessedIn their study on the impact of healthy food vouchers, Griffiths, Von Hinke and Smith (2015) make the following statement “We show that the way in which the vouchers affected spending was fully in line with the predictions of standard economic analysis. That is, there was a large effect on spending among a subset of recipient households who were distorted. For other, infra-marginal households,...
What is Gross Domestic Product and how is it calculated?Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all o...
Rules and Requirements for the AssignmentThere are a few rules that I’d like to emphasize: 1. For Q1, if you write down information about the trade models that are irrelevant to this specific question, you will get only 1/3 of the points even if you have the correct answers in the mix. Copying everything from lecture notes because you have time and access is a bad strategy. It demonstrates that you don’t und...
Microeconomic Principles and their ApplicationEconomics helps explain what is going on in the real world; pick a company from the companies listed below and pick 4 terms out of these 12 microeconomics principles and explain how each of these 4 terms applies to the company of your choice. Use between 150 and 230 words to explain each. (you may use any source to learn more about the companies or these principles, but you should explain in your o...
General Requirements: Consider yourselves top managers of an imaginary company that you have been operating in Canada for some time. You have decided that it is time to internationalize your business.  Your company has to choose between two selected countries (Japan and Malaysia) in which to make a significant investment. Both investments promise a similar long-term return, so your choice will be based solely on a for...
TaskThis component is intended to assess the following outcomes: Discuss fundamental concepts in health economics, e.g. supply and demand, competition and markets, economic evaluation, and distributive justice in health care. Critically examine the different models of health care finance in terms of their sustainability, efficiency and equity. Explain the role of purchasers, consumers and commissioners in the fair allocation of resources....
Assessment QuestionsAssessment Questions Make a list of those factors that determine the contestability of a particular air route. (20%) Demonstrate your understanding of dead weight loss in relation to the previoulsy regulated airline industry where airlines had monopolies on routes. How has the deregulation of the aviation industry solved that and who benefits from that solution the most? (illustrate) (20%) In the UK, train oper...
Concerns about Personal Impacts of Climate ChangeAs the next United Nations Climate Change Conference approaches (COP26), people in advanced economies are highly concerned about the personal impact of climate change and are willing to make changes to address the issue with personal and international action, according to a new Pew Research Center survey. Americans are also worried about the personal impacts of climate change, but they are not a...
Goals of the AssignmentThere are two main goals for this assignment. First, it is meant to help improve your understanding of the mechanics of the Solow growth model that we covered in the first half of the class and to make sure you don’t forget about it before the final. Second, since many jobs for economics majors require at least a basic knowledge of Microsoft Excel, it is also meant to give you some practice with some of Excel&rsquo...
Understanding Adverse Selection and Moral HazardThe discussion board question in green is the topic my colleagues are responding to in the 3 responses below. Discussion Board Question: Identify an example of a management scenario from current events involving adverse selection or moral hazard. Discuss some methods with your classmates for correcting the potential problems of the asymmetric information. . Assignment: Rea...
The UK Labour Market: Employment Measures and RatesEmployment measures the number of people in paid work or who had a job that they were temporarily away from. This differs from the number of jobs because some people have more than one job. The employment rateis the proportion of people aged between 16 and 64 years who are in employment…. Unemployment measures people without a job who have been actively seeking work within the last four...
Deriving the Law of Motion of Capital per CapitaConsider the Solow growth model with a Cobb-Douglas production function with capital share a, a constant savings rate s, a constant depreciation rate 8, and a constant population growth rate Suppose a equals 1/3, and TFP initially is A1 > 0. 1. Derive the law of motion of capital per capita. 2. Derive the steady state levels of capital and output per capita. 3. Explain intuitively wh...
Effects of Factors on Demand for Small Automobiles1.What effect will each of the following have on the demand for small automobiles such as the Honda Civic or Ford Focus? LO3.2 Â a.Small automobiles become more fashionable. b.The price of large automobiles rises (with the price of small autos remaining the same). c.Income declines and small autos are an inferior good. d.Consumers anticipate that the price of small autos will grea...
Essay and Essay Outline Essay Theme: How might a current global challenge be resolved with ethical interventions in the next decade? Key terms to consider: - Current global challenge – Choose a global challenge from the Millennium Project. Select one from the 15 Global Challenges as presented by the Millennium Project. https://www.millennium-project.org/projects/challenges/ An important challenge that you think impact currently and/or the impac...
Task: 1. GDP and Related MeasuresSuppose an economy produces only 2 products in a given quarter: orange juice and yogurts. In the third quarter of 2020 (the base period), 70,000 cartons of orange juice were produced, at a value of $2.60 per carton, while in the third quarter of 2021, orange juice production increased to 75,000 cartons, at a value of $2.80 per carton.In the third quarter of 2020 (the base period), 90,000 containers o...
Task Writing your Assignment: This report assignment must be completed individually. You must use the Harvard referencing system. Your work must indicate the number of words you have used on the cover page. Written assignments must not exceed the specified maximum number of words. When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in...
Electricity Price Subsidies1. Electricity price subsidies In many countries, the residential price of electricity is subsidized but often you can hear that such a subsidy is “inefficient.†In this exercise, you will show why. Throughout your analysis, assume that an average consumer in the imaginary country of Fantasia has 2,000 Fantasian dollars a month to spend on electricity and all other consumption; th...
Exercise 1: Opportunity CostsThe assignment will mainly be about a topic only covered very briefly in class: GDP measurement. To understand and do the assignment, please look at the lecture slides now posted on Blackboard for week1. Please also read https://www.britannica.com/topic/gross-domestic-product Administrative particularsDeadline: 11:59pm on Thursday, November 18th, 2021. Note that the assignments delivered past deadline will automati...
Question: Production decisions in UK manufacturing between 2010 to 2019 Task 1: 45/100 marks: Answer the following question “When and why do inputs and costs impact the production decisions related to the supply of goods and services? Explain these economic concepts using examples from within the UK economy between 2010 and 2019” Task 2: 45/100 marks: Answer the following question “Define and explain how perfect competitio...
Case ScenarioCase Scenario In your group, you are the directors of a property development company (a company that buys sells and rents properties) and you are considering whether you should invest in and construct a new office building in the centre of London. The economy seems to be doing well (post-pandemic and Brexit!) and the amount of vacant office space is reducing sharply. Collectively, you must decide as to whether or not you will inv...
Welcome to this Level 6 module: International Trade Finance and Investment. This is an exciting module which looks at the global importance of international financial markets, trade, and governance. With global trade expected to almost triple by 2050. International Trade Finance and Investment will be the life blood of this expanding and fast paced global market. This module prepares students for today`s changing landscape of international fin...
Welcome to the Module1. Welcome to the ModuleNow you have completed all the taught elements of your post-graduate programme of study and you are asked to complete and pass a final piece of assessment - the Project – to complete your master’s degree. This is a major piece of independent research that will enable you to apply the theoretical, methodological and substantive knowledge that you have acquired during your study of interna...
In agricultural economics, a “supply response function” describes how supply of a commodity responds to changes in the price of that commodity. (a) Estimate a supply response function for canola in Manitoba for the years 1966 to 2021. Carefully explain your model, fully reference your dataset (you will have to find the data), and fully interpret your results. (b) Test the hypothesis that canola response does not elicit a supply resp...
Task In today’s highly-competitive environment, managers must understand how economic forces affect their business and the factors that should be considered when making both effective and ethical business decisions. Thus in this course, MBA students will study and apply significant micro/macroeconomic principles to real-world case studies and business decisions. Moreover, proven analytical tools will be explored and deployed in the decis...
Question: Description: This individual project will be based on the simulation exercise using the simulation tool at the following link: http://www-01.glendale.edu/mmaier/macropolicy/index.html Utilising the simulation tool, you will prepare a report that (i) outlines a recommended policy response to the issue that the Treasury requires your guidance on, and (ii) contains a run-through of your simulation experience in a scenario with random...
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